Trendlyne Marketwatch
Trendlyne Marketwatch
01 Jul 2025, 03:53PM
Market closes flat, TVS Motor's total wholesales grow 20% YoY to 4 lakh units in June
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,541.80 (24.8, 0.1%), BSE Sensex closed at 83,697.29 (90.8, 0.1%) while the broader Nifty 500 closed at 23,615.45 (-1.8, 0.0%). Market breadth is balanced. Of the 2,465 stocks traded today, 1,179 were on the uptick, and 1,250 were down.

Indian indices closed flat after switching between losses and gains throughout the day. The Indian volatility index, Nifty VIX, fell 2% and closed at 12.5 points. India’s Manufacturing Purchasing Managers’ Index (PMI) rose to a 14-month high of 58.4 in June from 57.6 in May, driven by strong demand for finished goods.

Nifty Smallcap 100 and Nifty Midcap 100 closed flat. Nifty Media and Nifty FMCG Indices were among the top index losers today. According to Trendlyne’s sector dashboard, Fertilizers emerged as the worst-performing sector of the day, with a fall of 2.3%.

Asian indices closed mixed. European indices are trading lower, except for Portugal’s PSI and Spain’s IBEX 35, which are trading higher. US index futures are trading lower, indicating a negative start to the trading session. Investors await progress in the US-Canada trade talks and focus on the release of key labor market data later this week. Brent crude futures are trading lower after rising 0.8% on Monday.

  • Relative strength index (RSI) indicates that stocks like Max Financial Services, Hyundai Motor India, Multi Commodity Exchange, and Bayer Cropscience are in the overbought zone.

  • Indian Renewable Energy Development Agency’s loan sanctions rise 29% YoY to Rs 11,740 crore in Q1FY26, while disbursements grow 31%. Its outstanding loan book stands at Rs 79,960 crore as of June 30, up 27% YoY.

  • Axis Direct retains its 'Buy' call on HG Infra Engineering, with a lower target price of Rs 1,155 per share. This indicates a potential upside of 7.1%. The brokerage believes that the company's healthy order book, strong bidding pipeline, improvement in order inflow and diversification of segments will drive revenue growth. It expects the company's revenue to grow at a CAGR of 15% over FY26-27.

  • TVS Motor's total wholesales grow 20% YoY to 4 lakh units in June, driven by a 20% YoY increase in two-wheelers and a 54% YoY growth in international business.

  • India's finished steel imports decline by 27.6% in the first two months of FY26, as shipments from China and Japan drop. India imported 0.9 million metric tons of finished steel during April–May, with imports from China down 47.7% and from Japan down 65.6% YoY. In April, India imposed a 12% temporary tariff, known locally as a safeguard duty, on certain steel imports to curb a surge in cheap shipments, mainly from China.

  • Deep Industries rises as its board of directors approves the merger of its subsidiary, Kandla Energy & Chemicals, with itself.

  • Gabriel India surges to its 20% upper circuit as its board approves a strategic restructuring plan. The move involves absorbing Asia Investments' (AIPL) automotive business, including Anchemco India's operations in fluids and adhesives, and demerging AIPL’s holdings in key auto component joint ventures like Dana Anand, Henkel Anand, and Anand CY Myutec Automotive.

  • Coal India is falling as its monthly coal production drops 8.5% YoY to 57.8 million metric tonnes in June. Total sales decline 7.4% YoY to 60.4 million tonnes.

  • Nuvama retains a 'Buy' rating on Reliance Industries with a higher target price of Rs 1,801. The brokerage highlights the launch of RIL's first HJT (heterojunction solar panel) module manufacturing line with a capacity of 1 GW, which can be gradually scaled up to a fully integrated 10 GW facility by early CY26. It also notes that RIL has reportedly begun offering its HJT modules in the high-potential domestic market, as the rollout of its power generation business is still some time away.

  • Keystone Developers rises sharply as it receives a letter of acceptance (LoA) for the redevelopment of GTB Nagar, Sion, in partnership with the Maharashtra Housing and Area Development Authority (MHADA). The project has an estimated saleable area of 20.7 lakh square feet with a gross development value (GDV) of Rs 4,521 crore.

  • Nesco rises to its all-time high of Rs 1,218.2 per share as its board of directors approves a capex of Rs 3,500 crore for the development of Tower 2 in IT Park at Nesco Center, Mumbai.

  • Bajaj Auto's domestic wholesales decline by 13% YoY to 1.9 lakh units in June due to a decrease in two-wheeler sales by 16% YoY. However, the company's exports grow by 21% YoY to 1.7 lakh units during the month.

  • India’s Manufacturing PMI climbs to a 14-month high of 58.4 in June, up from 57.6 in May, remaining well above the 50-mark. The increase was driven by strong demand for finished goods, leading to growth in output, new orders, and employment.

  • Apollo Hospitals is rising as its board approves the demerger of its digital health, pharmacy distribution, and telehealth businesses into a new listed entity, NewCo. The plan includes the merger of Apollo HealthCo and Keimed with NewCo. The company expects NewCo to generate Rs 25,000 crore in revenue by FY27.

  • Ellenbarrie Industrial Gases’ shares debut on the bourses at a 21.5% premium to the issue price of Rs 400. The Rs 852.5 crore IPO received bids for 22.2 times the total shares on offer.

  • Kalpataru’s shares make a flat debut on the bourses at Rs 414. The Rs 1,590 crore IPO received bids for 2.3 times the total shares on offer.

  • Mahindra & Mahindra's total auto sales in June rise 14% YoY to 78,969 units. Passenger vehicle (PV) sales increase 18% YoY to 47,306 units, while exports stand at 2,634 units for the month.

  • Globe Civil Projects’ shares debut on the bourses at a 26.8% premium to the issue price of Rs 71. The Rs 119 crore IPO received bids for 86 times the total shares on offer.

  • NCC receives orders worth Rs 1,690.5 crore in June for its buildings division from state government agencies and a private company.

  • KSB secures an order from Larsen & Toubro to supply 15 sets of boiler feed pumps for NTPC’s power plant projects at the Gadarwara and Nabinagar facilities.

  • Ashish Chauhan, MD & CEO of NSE, says the company has submitted a No Objection Certificate (NOC) to SEBI for its Initial Public Offering (IPO). He expects the Red Herring Prospectus (RHP) process to take 3–4 months after the NOC, with the IPO likely within 8–9 months of its approval.

  • Shree Cements is rising as its subsidiary, Shree Cements East, emerges as the preferred bidder for the mining lease of Joga-IV Limestone Block (JO-IV) in Jaisalmer, Rajasthan. The block has an estimated 223.3 million tonnes of cement grade limestone.

  • Bharat Electronics rises to its all-time high of Rs 430.9 per share as it bags orders worth Rs 528 crore for radars, communication equipment, electronic voting machines (EVMs), and jammers, among others.

  • Kalpataru Projects International rises sharply as it secures new orders worth approximately Rs 989 crore in the power transmission and distribution segment from overseas markets.

  • CG Power & Industrial Solutions rises as its board of directors approves the qualified institutional placement (QIP) of shares worth Rs 3,000 crore at a floor price of Rs 679.1 per share.

  • Nifty 50 was trading at 25,538.15 (21.1, 0.1%), BSE Sensex was trading at 83,696.49 (90.0, 0.1%) while the broader Nifty 500 was trading at 23,643.75 (26.6, 0.1%).

  • Market breadth is highly positive. Of the 2,004 stocks traded today, 1,408 were in the positive territory and 544 were negative.

Riding High:

Largecap and midcap gainers today include IDFC First Bank Ltd. (77.24, 6.0%), Apollo Hospitals Enterprise Ltd. (7,496, 3.5%) and NTPC Green Energy Ltd. (107.56, 2.7%).

Downers:

Largecap and midcap losers today include Coromandel International Ltd. (2,325.60, -7.2%), Hitachi Energy India Ltd. (19,290, -3.6%) and NMDC Ltd. (67.95, -2.9%).

Volume Rockets

29 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Blue Dart Express Ltd. (6,846.50, 7.2%), Asahi India Glass Ltd. (806.30, 6.2%) and IDFC First Bank Ltd. (77.24, 6.0%).

Top high volume losers on BSE were JSW Holdings Ltd. (21,400, -5.0%), Kalpataru Projects International Ltd. (1,202.80, -2.0%) and Chalet Hotels Ltd. (904.40, -1.9%).

HBL Engineering Ltd. (620.40, 4.6%) was trading at 19.2 times of weekly average. TVS Holdings Ltd. (10,999, 0.4%) and Grindwell Norton Ltd. (1,721.70, -0.4%) were trading with volumes 10.0 and 9.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

24 stocks made 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (7,496, 3.5%), Bharat Electronics Ltd. (432.25, 2.6%) and City Union Bank Ltd. (230.51, 5.4%).

Stock making new 52 weeks lows included - Ola Electric Mobility Ltd. (42.02, -2.6%).

11 stocks climbed above their 200 day SMA including Westlife Foodworld Ltd. (770, 3.3%) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (568.90, 2.9%). 12 stocks slipped below their 200 SMA including Caplin Point Laboratories Ltd. (1,998.20, -5.6%) and Himadri Speciality Chemical Ltd. (502.90, -2.9%).

 
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